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Why Is Home Furnishing Retailer Williams-Sonoma Stock Surging Today?

Williams-Sonoma, Inc (NYSE:WSM) shares are trading higher after the company reported first-quarter FY24 earnings above street view. The company reported a first-quarter FY24 sales decline of 5% year-on-year to $1.66 billion, meeting the analyst consensus estimate. Comparable brand revenue for the quarter declined 4.9%. Adjusted EPS of $4.07 beat the analyst consensus estimate of ...